Royal Mail Shares

Drew67

I seem to be another who has been incorrectly issued a certificate even though I did not tick that option........great eh!

Was told nothing can be done about it until it arrives which should be by 21st.

Have been told to register complaint at concerns@equiniti.com which have done but they say will reply within 10 days.

Also told can opt back into a nominee account so have told Equiniti to send details and that I don't expect to be paying for the privilege as it's their !!!! up

Or

The number to ring for this facility once your certificate arrives is 08713842656.

Any advice on selling or part selling once certificate arrives appreciated. Basically want to know if should opt back into nominee account or look elsewhere

Vortigern

verntern wrote: »

Would I be right in thinking that HMRC will also be more than interested in individual profits made and be very pleased to adjust tax codes?

Probably not. If you've managed to sell your meagre allocation your profit will not exceed your CGT allowance unless you've made other gains elsewhere. The shares have not yet paid a dividend so there's no income which might affect your tax code.

mcscoty1973

This is exactly what I was told Drew!!!

I was also told that you can transfer them for free, they need to send out a form for you to request this.

I dont see why they can't just put them in the nominee account for you, obviously it can be done, so why do you have to wait for this?

As for some sort of recourse, well I would love to say yes, but as you did it like me online, how can you prove anything? That is the down side of electronic systems, lack of evidence.

Drew67 wrote: »

I seem to be another who has been incorrectly issued a certificate even though I did not tick that option........great eh!

Was told nothing can be done about it until it arrives which should be by 21st.

Have been told to register complaint at [EMAIL="concerns@equiniti.com"]concerns@equiniti.com[/EMAIL] which have done but they say will reply within 10 days.

Also told can opt back into a nominee account so have told Equiniti to send details and that I don't expect to be paying for the privilege as it's their !!!! up

Or

The number to ring for this facility once your certificate arrives is 08713842656.

Jogo_Bicho

Hi everyone.

My first post here, though I've been lurking on this thread since its conception. Anyway, like many others I've been waiting for my email so I can trade, however, I haven't received it. I gave the number, that someone linked to upthread, a ring and I've been given some bull about me ticking the share certificate box when I clearly didn't. In fact, at the time of applying, I double checked because I've held shares in the past and ended up misplacing the certificates. Also, I wanted to trade yesterday.

There, I've now vented my displeasure, but I'm certainly not happy when a company is giving out a load of old bull just because their processing systems are far from competent.

Crater

pearl123 wrote: »

I have a share offer number, but not the share reference number yet.
I applied an hour before the deadline. I wonder if that is why I'm at the end of the queue.
Price has gone down too.

No, I applied just before my husband, he got his number yesterday, i have nothing yet. We are early in the alphabet and though I asked for a share certificate (by accident ) some people who asked for a certificate already have a trading number. It seems to be random, and a lot of people on this thread still don't have their email yet, which to me says, they just haven't sent them, there are too many missing for it to be accident.

And of course they are still sitting on our refund money :-/

brasso

Here's how I see it:

• Because the shares were valued too low, the demand has been high.
• Because the demand has been high, a decision was made to favour the 'small investors'.
• This meant far more shareholders than initially envisaged.
• Because the shares were valued too low, the price has risen higher than expected.
• Because the price has risen higher than expected, a lot of these small investors are now desperate to claim their winnings.
• Because a lot of these small investors are all now desperate to claim their winnings at the same moment, the infrastructure can't cope.

So the root cause of this issue is the stupidly low offer price of the shares, which has created more shareholders than envisaged. But a secondary problem is the failure of the authorities to predict that in the Betfair / National Lottery age, a lot of these first-timers have treated the privatisation of the Royal Mail as nothing more than a very short term lottery ticket.

It's being treated a bit like a legal scam, like those situations where people are happy to flood websites to buy goods that have been priced down in error. They know they've hit lucky but still moan like hell when they don't instantly get the goods, and talk about taking legal action.

It's been a disaster for the Tories, who wanted this to be 'popular capitalism' with a new generation of people being introduced to the world of investment and shareholding. But in this instant gratification age, they didn't predict that people don't care about dividends and long term wealth building.

Just gimme the money -- and quick.

Depressing really.

Crater

barrooo wrote: »

I've just spoken to equinity, and they said I chose a paper certificate, which I didn't as there is no point in holding them in such a way these days. Is there anything I can do about this in terms of selling the shares before I receive the certificate or in terms of the way equiniti have handled this?

I THINK that, like me, a LOT of people thought they were choosing the nominee account and were actually choosing the share certificate.

The wording is: "Your shares will be held on your behalf in the Royal Mail Nominee Share Service. If you wish instead to receive a share certificate, please tick this box" (etc.)

I am thinking that quite a lot of people, expecting the NORMAL mode of using choice boxes like this, expected the situation to be explained FIRST, and the choice boxes to clearly state the choice being made alongside the box. And not what actually happened, for a general statement about the whole thing to be made alongside the first box, followed by the description of what the box actually did.

It's a funny thing. Who knows more about share services, us here, or the people who designed that form? It should be the latter, and if so, why did they lay out the form in such a way? OK everything should be read slowly, carefully and 3 times, but people don't always, partic if they are in a bit of a hurry. Which they must have realised people would be.

Crater

pauljoanss wrote: »

... those reporting they will receive certificates when they ticked Nominee.

That's the catch. You CAN'T tick a box for "Nominee" There wasn't one. It just looked as if there was. Oh what a jolly laugh someone just be having!

paddyrg

The wording was confusing for sure, but if we're buying shares we really should understand what that means.

I deliberately elected for paper shares, I believe in Royal Mail as an organisation and am in for the long term. Seems the markets agree with me, which is reassuring. Shame I couldn't get a larger holding thanks to the quick-buck buyers.

Steve10086

Are people still receiving emails, or is it safe to assume that if you've not got one yet you won't be getting one? I am 100% certain I opted to keep my shares in the nominee account. I did read the options carefully and didn't want a share certificate as I have no idea what to do with one!